CHINA

UBS, data weigh on world stocks

IBTimes Logo
World stocks were steady to weaker on Wednesday, trading off the previous session's 3-month high, while government bonds firmed as news of job cuts at Swiss bank UBS and weak data fanned economic concerns. UBS warned of a first-quarter loss of nearly 2 billion Swiss francs and said it would cut a further 8,700 jobs, weighing on other banking shares.

Rio Tinto aluminum output falls 6 percent

IBTimes Logo
Rio Tinto Ltd/Plc's first-quarter aluminum output fell a steeper-than-expected 6 percent, iron ore production was down 15 percent while refined copper rose 33 percent as the firm struggled to balance supply with global demand.
IBTimes Logo

Total, China in Venezuela oil talks - WSJ

France's Total (TOTF.PA: Quote, Profile, Research, Stock Buzz), China National Petroleum Corp [CNPET.UL] and Petroleos de Venezuela [PDVSA.UL] are in advanced talks about a deal to produce and refine Venezuelan oil to send to China, the Wall Street Journal reported.
More news
IBTimes Logo

Asia stocks retreat, China hopes limit drop

Asian stocks pulled back from six-month highs on Wednesday but held up after the drop on Wall Street overnight, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter growth.
IBTimes Logo

TIMELINE: Rocky path of North Korea nuclear deal

North Korea said on Tuesday it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium after the United Nations chastised it for launching a long-range rocket.
IBTimes Logo

North Korea orders U.N. inspectors out

North Korea ordered U.N. inspectors to leave on Tuesday after saying it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium, the United Nations said.
IBTimes Logo

Hong Kong students start vote on Tiananmen killings

A Hong Kong student union is holding a student vote on whether China should apologize for its crackdown on pro-democracy protesters in and around Beijing's Tiananamen Square 20 years ago in which hundreds were killed.
IBTimes Logo

North Korea quits nuclear talks

North Korea said on Tuesday it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium after the United Nations chastised it for launching a long-range rocket.
IBTimes Logo

GM bankruptcy fears drag down auto stocks

General Motors stock fell sharply in Frankfurt on Tuesday on renewed bankruptcy fears, weighing on autos stocks across the region, as peer Chrysler pinned its hopes on a tie-up with Fiat .
IBTimes Logo

Oil falls below $50 on data

Oil erased an earlier gain to fall below $50 a barrel on Tuesday after weak U.S. economic data refocused attention on falling global oil demand and forecasts for rising U.S. supplies.
IBTimes Logo

Oil rises above $50 as equities rally

Oil rose above $50 a barrel on Tuesday, recovering after an earlier fall, as a stock market rally countered the impact of weakening global oil demand and forecasts for rising U.S. supplies.
IBTimes Logo

Fed's Fisher says China won't harm U.S. interests

Dallas Federal Reserve President Richard Fisher said on Tuesday China would not do anything to harm U.S. interests such as dumping Treasuries, adding that solid capital returns support the dollar's attractiveness.
IBTimes Logo

U.N. demands enforcement of North Korea sanctions

The Security Council on Monday unanimously condemned North Korea's long-range rocket launch nearly two weeks ago as contravening a U.N. ban, and demanded enforcement of existing sanctions against Pyongyang.
IBTimes Logo

Oil falls 4 percent after IEA cuts demand view

Oil fell more than 4 percent on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest level ever.
IBTimes Logo

China sets human rights agenda for sensitive year

China has promised its citizens stronger legal protection, improved incomes and expanded channels to complain as part of its first human rights action plan, which casts the Communist Party government as guardian of rights.
IBTimes Logo

Oil falls more than $1 after IEA cuts demand view

Oil fell more than $1 a barrel on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
IBTimes Logo

China planned $10 billion investment fund at ASEAN summit

China had planned to announce a $10 billion infrastructure investment fund and offer credit to neighbors at a canceled weekend summit of Asian leaders in Thailand, its foreign minister said. Anti-government protestors forced the cancellation of the summit in Pattaya after they swarmed into the summit venue.
IBTimes Logo

Oil drops towards $49 after IEA cuts demand forecast

Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
IBTimes Logo

Geithner to host G7, G20 meetings April 24

The U.S. Treasury Department announced on Monday that Group of Seven finance ministers will meet in Washington on April 24 and follow that gathering up with a Group of 20 ministerial session.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.